Janney Montgomery Scott LLC Has $7.76 Million Position in Solstice Advanced Mat $SOLS

Janney Montgomery Scott LLC cut its stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) by 17.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,926 shares of the company’s stock after selling 21,444 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of Solstice Advanced Mat worth $7,763,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in SOLS. Westerkirk Capital Inc. acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth about $25,000. DiNuzzo Private Wealth Inc. bought a new position in Solstice Advanced Mat during the 4th quarter valued at about $26,000. Heritage Wealth Advisors acquired a new position in Solstice Advanced Mat in the fourth quarter valued at about $26,000. Hoey Investments Inc. acquired a new position in Solstice Advanced Mat in the fourth quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Solstice Advanced Mat in the fourth quarter valued at about $27,000.

Analysts Set New Price Targets

Several analysts have recently weighed in on SOLS shares. BMO Capital Markets raised their price objective on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. UBS Group boosted their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research report on Thursday, May 14th. TD Cowen started coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price target for the company. Finally, Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Three equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $89.50.

Solstice Advanced Mat Stock Performance

SOLS opened at $80.19 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $12.73 billion and a PE ratio of 90.10. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The firm has a 50-day moving average price of $83.21 and a two-hundred day moving average price of $73.06.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, equities analysts anticipate that Solstice Advanced Mat will post 2.64 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is 33.71%.

Solstice Advanced Mat Company Profile

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.